Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1952.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
41 people listed on the 990; $1.9M paid to officers and key staff.
Raymond M Asad’s $252K as CFO and Secretary of the Board is at the 53rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Mari Clements | — | — | — | — | $443,096 | $199,317 |
| David E Goatley | $154,672 | $294,706 | — | — | — | — |
| Theopolis Cosse | — | $246,941 | $277,776 | $285,022 | $232,185 | $174,733 |
| Mark Labberton Presidentprt Yr | — | — | $282,268 | — | — | — |
| Raymond M Asad | $251,727 | $251,677 | $251,147 | $251,142 | $250,056 | $87,957 |
| Mark Labberton | — | $146,617 | — | $223,855 | $211,981 | $218,079 |
| Lance Griffin | $215,259 | $211,377 | $183,453 | $151,411 | — | — |
| Alexis Abernathy | $190,594 | $196,948 | $197,759 | $170,305 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Offers graduate degrees in theology, psychology, and intercultural studies, and runs a psychology center.
Questions for Fuller Theological Seminary
Your first name shows with your question. Fuller Theological Seminary answers here, for everyone.
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Fuller seminary is a multidenominational graduate institution that has equipped visionary ministers, scholars, teachers, mental health professionals, and intercultural leaders to share christ's hope and healing in the church and the world since 1947.
Fuller psychological & family services, the clinic of the fuller school of psychology & marriage and family therapy, offers high quality and affordable therapy and psychological assessments online and in-person. Our integrative approach honors mind, body, and spirit while respecting all cultures, backgrounds, and traditions.
Fuller offers a full range of affordable apartment-style housing options, available year-round for eligible graduate students and their family members, just minutes away from the pasadena campus.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $44.1M | $45.5M |
| InvestmentsLn 11–13 | $120.9M | $126.8M |
| Land, buildings, equipmentLn 10c | $70.5M | $70.8M |
| Total assetsLn 16 | $296.8M | $302.9M |
| LiabilitiesLn 26 | $40.6M | $45.5M |
| Net assetsLn 32 | $256.2M | $257.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.2M | $1.2M | ||
| Grants to domestic individualsLn 2 | $8.4M | $8.4M | ||
| Pay of current officers, directors and key staffLn 5 | $1.4M | $602K | $780K | |
| Pay of disqualified personsLn 6 | $139K | $139K | ||
| Other salaries and wagesLn 7 | $27.3M | $21.9M | $5.4M | |
| Pension plan contributionsLn 8 | $610K | $498K | $112K | |
| Other employee benefitsLn 9 | $3.7M | $2.9M | $823K | |
| Payroll taxesLn 10 | $1.9M | $1.5M | $393K | |
| Legal feesLn 11b | $40K | $40K | ||
| Accounting feesLn 11c | $160K | $160K | ||
| Investment management feesLn 11f | $513K | $513K | ||
| Other fees for servicesLn 11g | $9.9M | $5.2M | $2.1M | $2.6M |
| Advertising and promotionLn 12 | $261K | $244K | $17K | |
| Office expensesLn 13 | $2.0M | $1.4M | $672K | $1K |
| Information technologyLn 14 | $1.1M | $1.1M | ||
| OccupancyLn 16 | $3.2M | $1.4M | $1.9M | |
| TravelLn 17 | $2.4M | $2.0M | $421K | $3K |
| InterestLn 20 | $1.3M | $1.2M | $80K | |
| Depreciation, depletion and amortizationLn 22 | $2.1M | $1.5M | $562K | |
| InsuranceLn 23 | $634K | $634K | ||
| Other expenses (24a–d)Ln 24 | $0 | $2.4M | −$2.5M | $130K |
| Total functional expensesLn 25 | $68.4M | $52.4M | $13.3M | $2.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $57.5M | $68.4M | −$10.9M | $257.4M | 990 PDF |
| FY2024 | $59.9M | $64.9M | −$4.9M | $256.2M | 990 PDF |
| FY2023 | $58.1M | $64.1M | −$6.0M | $243.6M | 990 PDF |
| FY2022 | $67.6M | $57.1M | $10.5M | $239.4M | 990 PDF |
| FY2021 | $74.7M | $56.0M | $18.7M | $258.8M | 990 PDF |
| FY2020 | $48.9M | $63.0M | −$14.1M | $199.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $57,532,678 revenue, 12 lines filed
Part VI · Governance 28 of 29 board members independent, no flags
Part VIII · Statement of revenue $57,532,678 across 10 lines filed
Part IX · Statement of functional expenses $68,394,038 across 21 lines filed
Part X · Balance sheet $302,885,965 assets, 21 lines filed
Part XI · Reconciliation of net assets $257,409,867 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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